Bandit Gang Writ Large

U.S. Judge: Fifth Amendment Doesn’t Apply To Foreign Bank Accounts

"In a victory for the government, Pauley said individuals can’t assert a constitutional right against self-incrimination and refuse to disclose bank records to a U.S grand jury. The records sought include the name in which each account is maintained, number of others tied to the account, the address of the bank, and the maximum value of each such account. More than 38,000 Americans avoided prosecution by entering an IRS amnesty program in which they paid back taxes and penalties while disclosing the banks and bankers who helped them hide offshore accounts." Continue reading →

Continue ReadingU.S. Judge: Fifth Amendment Doesn’t Apply To Foreign Bank Accounts

Top Spanish official in graft scandal

"A former treasurer of Spain’s ruling People’s Party (PP) hid away his wealth in a Swiss bank account. Court documents from an on-going judicial investigation into former PP treasurer Luis Barcenas revealed the account held up to €22 million, reports Reuters. The party, along with the opposition socialists, has helped govern the nation for the past three decades. In 2011, the conservatives won the general elections and unseated the socialists. Barcenas was the People's Party financial chief for 28 years until 2009 when he became the focal point of an investigation for allegedly accepting bribes from businesses vying for lucrative government contracts." Continue reading →

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Investigation ordered after Spanish politicians got ‘salaries’ from private companies

"Spanish Prime Minister Mariano Rajoy ordered Monday an internal investigation into the finances of his centre-right Popular Party which was shaken by allegations of under-the-table payments to party officials. The centre-right newspaper El Mundo reported Friday that senior members of the party, which Rajoy has led since 2004, had received undeclared salaries, mainly from private companies, over a 20-year period. Citing unnamed former members of the Popular Party leadership, the newspaper said the party’s former treasurer Luis Barcenas distributed envelopes containing thousands of euros to party officials on top of their official salaries." Continue reading →

Continue ReadingInvestigation ordered after Spanish politicians got ‘salaries’ from private companies

American Citizens Split On DOJ Memo Authorizing Government To Kill Them

"Following the release of a secret Department of Justice memo this week that outlines the administration’s legal justification for killing U.S. citizens, a new Pew Research Center poll has revealed that a majority of Americans are torn over whether they support the government’s right to kill them anywhere at any time without due process." Continue reading →

Continue ReadingAmerican Citizens Split On DOJ Memo Authorizing Government To Kill Them

The Pentagon Throws a Fit and Sticks Out its Tongue

"Even if the so-called sequestration takes place, the Pentagon will still get more money than they did in 2012! In other words, Panetta is playing sore loser because rather than getting X more dollars than last year, he is getting Y more dollars. To drive home my point, he is threatening a furlough even though he has more money in his budget in 2013 than the immediate previous year. What a loon. To the Pentagon’s melodramatic protests, I say this: '800,000 people furloughed? Awesome. That is a great first step. Just fire them. Bring all the troops home. End the wars. Follow the Constitution.'" Continue reading →

Continue ReadingThe Pentagon Throws a Fit and Sticks Out its Tongue

TechCrunch Founder: The Department Of Homeland Security Stole My Boat Today

"I live near Seattle and there’s a big boating culture up here. I found a small company that builds boats specifically for this area called Coastal Craft. I ordered it in 2011 and planned on writing about the experience after it was delivered. I named her Buddy. It has state of the art electronics and a fairly new highly efficient propulsion system that the TechCrunch audience would be interested in. Buying this boat was one of the worst decisions I’ve ever made, and the nightmare is only just starting. Today I’m going to write about how the Department of Homeland Security seized that boat." Continue reading →

Continue ReadingTechCrunch Founder: The Department Of Homeland Security Stole My Boat Today

The New York Times Calls (again) for Higher Taxes on Middle-Class Americans

"The New York Times seems really fixated on screwing Joe Lunchbucket. What’s particularly interesting about this editorial is that the New York Times is very explicit about political strategy. They support more class-warfare taxes in order to set the stage for higher taxes on the middle class. We can’t say we haven’t been warned." Continue reading →

Continue ReadingThe New York Times Calls (again) for Higher Taxes on Middle-Class Americans

India bans gold jewellery from Thailand

"In a fresh clampdown, India has officially banned the import of gold jewellery from Thailand. The authorities suspect that Indian importers are misusing the duty free pact with Thailand to import bullion from the South East Asian nation. The commerce ministry has recommended suspension of gold jewellery imports from Thailand in view of the increasing imports from the country. For some time now, the government has been looking to bring down imports of the precious metal into the country and has added several stages of import duties." Continue reading →

Continue ReadingIndia bans gold jewellery from Thailand

Furloughed FAA employee goes on Miami shooting rampage

"A depressed Florida man shot his wife and two children before killing himself after closing his hot air balloon business and facing losing his job as a Federal Aviation Administration (FAA) inspector because of automatic budget cuts known as 'sequestration.' A source told CBS News that 45-year-old Carlos Zuniga was depressed in the weeks before he shot his wife 43-year-old wife, Michelle, his 14-year-old daughter, Lauren, and his 11-year-old son, Stefan. Carlos Zuniga then killed himself. Stefan Zuniga died at Jackson Memorial Hospital’s Ryder Trauma Center on Thursday morning. Both the wife and the daughter were in critical condition." Continue reading →

Continue ReadingFurloughed FAA employee goes on Miami shooting rampage

Foreign asset reporting before FBAR and FATCA: “loyalty questionnaires” for World War II Japanese American internees

"Most of us are familiar only with modern-day attempts to get Americans to report non-US accounts and investments: the controlled foreign corporation laws of the 1960s, followed by the Bank Secrecy Act of 1970, and today’s FATCA. But three decades before TD F 90-22.1 and seven decades before Form 8938, there was WRA 126, 'Application for Leave Clearance', which had to be filed by any Japanese American seeking to leave a War Relocation Authority internment camp." Continue reading →

Continue ReadingForeign asset reporting before FBAR and FATCA: “loyalty questionnaires” for World War II Japanese American internees